Grace To Make Up Student Aid Shortfall
July 28, 2016 at 4:25 p.m.
By Staff Report-
The State Student Assistance Commission of Indiana reduced its financial aid for students by 31 percent for the 2009-10 school year. SSACI reduced its financial aid because of a 34-percent increase in applicants for the 2009-10 school year.
Grace estimates the additional aid it will provide to its students will total $778,000 to make up for the SSACI shortfall.[[In-content Ad]]Grace College is able to make up for that reduction for its students because of recent gifts to the school for this purpose, according to Ronald E. Manahan, Th.D., president of the college.
"We are grateful to the Lord for providing these extra funds this year," Manahan said. "We have informed the affected students that we will be compensating for the state's reduction. Letters have been sent to the affected students informing each about the amount of his or her financial aid."
Manahan explained the SSACI had previously notified each student about the amount of aid. However, the commission has sent new award letters to notify students of the reduction in aid funds. The extra aid from Grace College applies to new students, as well as returning students, he added.
The State Student Assistance Commission of Indiana reduced its financial aid for students by 31 percent for the 2009-10 school year. SSACI reduced its financial aid because of a 34-percent increase in applicants for the 2009-10 school year.
Grace estimates the additional aid it will provide to its students will total $778,000 to make up for the SSACI shortfall.[[In-content Ad]]Grace College is able to make up for that reduction for its students because of recent gifts to the school for this purpose, according to Ronald E. Manahan, Th.D., president of the college.
"We are grateful to the Lord for providing these extra funds this year," Manahan said. "We have informed the affected students that we will be compensating for the state's reduction. Letters have been sent to the affected students informing each about the amount of his or her financial aid."
Manahan explained the SSACI had previously notified each student about the amount of aid. However, the commission has sent new award letters to notify students of the reduction in aid funds. The extra aid from Grace College applies to new students, as well as returning students, he added.
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